Monday, May 17, 2010

DO


Regardless of a fundamental analysis, the stock is give a typical formation of elliott wave with me during many years, its easy to see subdivision of wave.


in hourly chart five waves almost done, which it is a 3 wave acoording to daily chart, the plan now to watch this stock an ride it in rally 



18 May




As showing in daily chart, the stock form a hammer candlestick which is the second candlestick indicate that decline reach to support ( the first candle was a doji), i guess we finish a decline as a impulse wave whatever it was, we should see rally in price near future. for details see chart.

june 71.75 call is next deal.



19 May 




still we tracing DO movement, i think the stock in last stage om movement before advancing to 73$ then to 76$ dollar. i built my opinion depend on elliott wave principle.


i will buy upon call option when the time be suitable.

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